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Significance of Labh Panchami

The Labh Panchami festival is associated with Diwali, the festival of lights, and marks the end of the Diwali celebrations. It falls on the 5th day of the ‘Shukla Paksha’ in Karthik (Nov-Dec) month.

This day has other names like ‘Labh Panchami,’ ‘Saubhagya Panchami,’ ‘Gyaan Panchami,’ and ‘Laakheni Panchami.’ It is celebrated with great fanfare in Gujarat. On this auspicious day, people offer prayers to Lord Ganesha and Goddess Lakshmi for their well-being and prosperity. They also launch new business ventures on this day.

Significance of Labh Panchami

Rituals and Celebrations:

Those who do business perform Sharda Pooja on Labh Panchami. They usually open their establishments and do Pooja for the new account ledgers or ‘Khatu’, too. They worship Goddess Lakshmi and ask for her blessings. People may also visit the houses of their kith and kin and exchange sweets. In some places, people worship their books to get more wisdom and knowledge. It is also the custom to donate food, clothes, money and other things to poor people on Labh Panchami.

Significance of Labh Panchami:

‘Labh’ and ‘Saubhagya’ means ‘benefit’ and ‘good luck’ respectively. Hence, the day signifies the advent of good luck and prosperity in life. Hindus believe that they can attract wealth, profits and good fortune by performing Pooja on this day. In the state of Gujarat, Labh Panchami also marks the first working day of the New Year. Businessmen tend to open new account ledgers on this day by writing ‘Shubh’ on the left side and ‘Labh’ on the right side. They also draw a ‘Swastika’ in the middle of the page. Starting a new business on this day can be very auspicious as it may grow well and bring great profits.

If you were unable to perform Sharda Pooja on the day of Diwali, then this is an ideal day to perform the Pooja of the new books and ledgers

As per the scriptures, before we request the Gods for material possessions, we should thank them for the gift of life, as it is the biggest gift from God.

Labh is defined by the scriptures in this Mantra:

Laabhasteshaam jayasteshaam kutasteshaam paraaja ..
indeevarashyaam hrudayastho janaardanaha.

This Mantra denotes those who enshrine the reflection of Goddess Lakshmi and God Vishnu in their hearts are blessed and will surely achieve victory.

Labh Panchami festival brings the Diwali festivities to an end by reaffirming the importance of inner enlightenment by getting rid of bad habits, doshas, etc.